Assets in the Americas constituted 71% of the unit's holdings. Goldman's wealth and fund arm still benefited from net market appreciation of $68 billion in the quarter. Those incoming assets represented $9 billion less than the same period last year, and Wall Street investors took note of the fact that Goldman's bond trading across the entire firm failed to drive as much business as other megabanks. Wealth and asset management client assetsĪssets under supervision jumped 12% year over year to a record $2.67 trillion in the first quarter after net inflows of $8 billion. Unless otherwise stated, the metrics below relate to Goldman's Asset & Wealth Management segment. Note: The company doesn't break out most specific metrics for its wealth management business, including the number of financial advisors and client assets at the former United Capital and the level of custodial holdings in the unit once called Folio Financial. Securities products and brokerage and clearing services are offered by Folio Investments, Inc., a registered broker-dealer and member FINRA/SIPC.Goldman Sachs wealth profits jump as firm eyes international business We empower the financial services industry on both a full-service and technology-licensed basis, servicing billions of dollars of investor assets nationwide. Our clients use our state-of-the-art trading, portfolio management tools, digital investing services and alternative investment capabilities to create a better client experience, scale their business and improve profitability. Investment advisors, financial institutions and retirement plans use our innovative technology and modular solutions to build and precisely manage customized portfolios for their entire client base, regardless of account size. To learn more about DWSP, contact Folio Institutional.įolio Institutional ® is a leading brokerage, custody and financial technology company, all in one. It helps firms differentiate themselves across a wide range of wealth segments with a variety of solutions, from a goal-based robo advisor platform, to a simple and fun online investing service for novice investors, to a highly tailored, API-driven program that is customized from end-to-end. For example, Folio was one of the first to offer advisors completely paperless, streamlined account opening, bank-link creation and funding – and to also provide advisors with online trade confirmations, statements, performance reporting, tax documents and proxy voting services."ĭWSP offers wealth management firms, credit unions, banks, insurance firms, and other enterprises with a highly configurable, digital framework that delivers a more personalized client experience. "DWSP is a continuation of Folio's 18-year history of delivering cutting-edge and scalable brokerage and custody technology to RIAs, broker-dealers, TAMPs, robo advisors and enterprises. "We are honored that the Industry Award judges recognized the many ways our Digital Wealth Services Platform helps advisors serve their clients and grow their business," said Greg Vigrass, president of Folio Institutional. Private label their digital investment advice soution, so they can build and promote their own brand – not that of third parties.Develop and manage portfolios that reflect multiple goals per account – or multiple accounts per goal.Manage every client's investment tax obligations with sophisticated tax management tools, such as Folio's Tax Football TM and automated tax strategies.Offer clients portfolios that reflect their individual preferences in sustainable, responsible and impact (SRI) investments. Own the portfolio construction process and provide clients with portfolios that include individual stocks, mutual funds and ETFs – they can also select from a wide variety of third-party model portfolios, including Folio's Ready-to-Go Portfolios.DWSP fully automates advisors' delivery of intelligent and personalized advice to their clients. It is the first and only digital advice solution to combine the power of goal-based financial planning with customized investment portfolios (using model strategies, stocks, ETFs and mutual funds), based on an advisor's guidance and a client's unique preferences and values. Folio's DWSP delivers advisors and wealth managers with an unparalleled digital investment advice experience.
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